Really p****d off with savings rates!

[Spet0789]

I found mycommunity finance with 4% plus rates for 1 year plus fixed lump sums.
https://www.mycommunityfinance.co.uk/saving-products

Cute website. This company was set up by a number of ex investment bankers to take advantage of lax regulation of credit unions.

[richlist]

There are better 2 & 3 year fixed rates available.

[bluedonkey]

I found mycommunity finance with 4% plus rates for 1 year plus fixed lump sums.
https://www.mycommunityfinance.co.uk/saving-products

Interesting that the rates for 1 year all the way through to 3 year are almost identical.

[didds]

What makes you think that interest rates on savings accounts are linked to bank base rates ? They arent.

Perhaps you would benefit from looking at regular savings accounts. Lots available.....First Direct paying 7%, Coventry b/soc paying 5% are just two examples.

FDs is only on up to £3,600

and that only on a climbing balance at £300 a month. As Scott pointed out to me, in effect its £1800 @ 7%

didds

[kempiejon]

and that only on a climbing balance at £300 a month. As Scott pointed out to me, in effect its £1800 @ 7%

didds

For comparisons I look at it as 3.5% on £3600 for a 1 year term (even though you add monthly) and as I found there's better deals.

[MrFoolish]

I have two current accounts with 30K and 60K respectively, for everyday expenses.

You should change your supermarket.

[Lootman]

I have two current accounts with 30K and 60K respectively, for everyday expenses.

You should change your supermarket.

Waitrose and M&S. Sorry.

[pje16]

and that only on a climbing balance at £300 a month. As Scott pointed out to me, in effect its £1800 @ 7%

didds

That would be £126
in fact, as it is compounded each month you get 136.50
The power of compounding